SRECNA Defined
SRECNA is an acronym for Statement of Revenues, Expenses, and Changes in Net Assets. Pronounced like "Shrekna," SRECNA is a standardized report that helps us speak the same language throughout the organization.
SRECNA Key Building Blocks
Revenue
External income, e.g. gifts, grants, student fees, sales and services
Operating Transfers
Flows of money within the university and within the same fund
Expenses
Costs incurred, such as payments to outside parties
Changes in Fund Balance
Movement of money between current funds and non-current funds, such as debt service, capital projects, etc.
Beginning and Ending Balance
Beginning balance is last period (year, quarter, or month) ending balance. Ending balance is the beginning balance plus the change in net assets
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